Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,082 shares of the retailer’s stock after selling 637 shares during the period. Sawgrass Asset Management LLC’s holdings in Costco Wholesale were worth $9,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $35,000. Barrett & Company Inc. lifted its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COST. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, February 3rd. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 1.1 %

Shares of NASDAQ:COST opened at $1,076.86 on Friday. The business has a 50-day moving average price of $966.02 and a 200 day moving average price of $919.48. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $478.02 billion, a price-to-earnings ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.